Аналитики уверены: биткоин не достиг пика, есть пространство для роста Translation: Analysts confident: Bitcoin hasnt peaked, theres room for growth

Despite the first cryptocurrency reaching its historical peak of over $126,000, the profit-taking level remains notably low, according to a report by CryptoQuant.

In the past month, the realized gains of holders amounted to 0.26 million BTC (approximately $30 billion). This figure is nearly 50% lower than the figures from July ($63 billion) and significantly less than the peaks of March ($78 billion) and December 2024 ($99 billion).

The low level of realized profits suggests that market participants are choosing to hold their assets rather than sell them. Analysts believe this indicates a potential continuation of the rally and a lack of signs pointing toward a market cycle peak.

Julio Moreno, head of the research department at CryptoQuant, noted that the net figure is still growing on a year-over-year basis. Historically, this metric is associated with upward price momentum.

*»As long as there is positive growth in realized profits, prices may trend upward. In the past, bull markets have ended when holders started selling at lower figures,»* he explained.

The decline in this metric indicates that new buyers are quickly offloading coins, realizing losses that surpass the profits of earlier investors.

Short-term holders recently recorded a profit margin of 2%, significantly below the typical 8% at market peaks. The profit margin for long-term investors stands at approximately 129%, with extreme values reaching 300%.

The activity of OG addresses—those holding Bitcoin for over a decade—also remains low. In the last 30 days, only 5,000 BTC have been moved from these wallets, which is half of the amount during peak sell-off periods in March and December 2024.

As of this writing, digital gold is trading around $121,400, having decreased by 0.3% in the past 24 hours.

To remind, analysts at K33 have stated that historical patterns that once influenced the dynamics of the first cryptocurrency are no longer relevant.